Prices at the pump continue to slide
Published: Monday, October 8, 2012 at 1:54 p.m.
Last Modified: Monday, October 8, 2012 at 1:54 p.m.
Retail gas prices in the Southeast decreased for the third week in a row, a consumer-friendly trend that experts say will continue.
Average price for a gallon of unleaded gasoline
"Gas prices are expected to fall further this week in the Southeast region," said Jessica Brady, spokeswoman for AAA, The Auto Club Group. "The falling prices at the pump are starting to provide more relief to motorists who have watched gas prices climb since July."
The national average price of regular unleaded gasoline is $3.81, 3 cents more than last week. Florida's average of $3.68 fell 2 cents from last week, while Georgia's average of $3.58 decreased 3 cents from last week.
In Gainesville, prices ranged from $3.59 to $3.99, with an average price of $3.75, according to the website GasBuddy.com.
Domestic and international demand numbers continue to fall and have caused oil prices to settle below $90 a barrel. A barrel of oil closed Friday on the New York Mercantile Exchange at $89.88—$2.31 less than the week prior.
Total U.S. fuel demand dropped 0.3 percent in September to 18.3 million barrels a day, the lowest level since April, according to the Energy Department. This comes at a time when domestic crude output rose to its highest level since December of 1996. Internationally, Europe's debt issues continue to stifle demand numbers.